Property sales roar past Covid peak as supply crunch fuels potential price surge
Transaction volumes are climbing above pandemic-era highs in several markets, signalling fresh price pressure as supply struggles to keep pace with demand.
From coastal hubs like Lorne (pictured) to broader regional Victoria, sales activity is pushing beyond Covid boom levels. (Image source: Craig Francis)
A shortage of supply coupled with growing demand means many Australian property markets have finally surpassed their Covid selling frenzy peak.
The Covid lockdown period unleashed a remarkable national sales boom, resulting in significant price growth, which many thought was a one-off phenomenon, but new sales data shows there are very high transaction levels being achieved in a number of Australian markets.
This is an important indicator of wh…
